Sunday, August 6, 2017

Bitcoin Price Explodes to $3,212 New All-Time High, Factors

Bitcoin Price Explodes to $3,212 New All-Time High, Factors

On Aug. 5, less than four days after the Bitcoin Cash (BCH) hard fork, Bitcoin price surged drastically within a 24-hour period, recording a new all-time high at $3,212.


Previously, Bitcoin price broke the $3,000 mark mostly due to optimism surrounding the activation of the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit).


However, shortly after that, a major market correction led Bitcoin price to fall to $1,900, and it stabilized at around $2,500 amidst uncertainty regarding SegWit and the execution of the BCH hard fork, which was initially proposed by Bitcoin mining equipment manufacturer Bitmain.


Full story at http://bit.ly/2uuwR3p


Source: CoinTelegraph


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Bitcoin you can send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.